Cloud storage and e-signature company Dropbox (Nasdaq: DBX) will be reporting earnings tomorrow after the bell. Here's what to expect.

Last quarter Dropbox reported revenues of $633 million, up 7.1% year on year, in line with analyst expectations. It was a decent quarter for the company as Dropbox delivered impressive free cash flow, despite the slowdown in user growth. The company added 130,000 customers to a total of 18.17 million.

Is Dropbox buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Dropbox's revenue to grow 5.5% year on year to $631.7 million, in line with the 5.9% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.48 per share.

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company has a history of exceeding Wall St's expectations, beating revenue estimates every single time over the past two years on average by 1%.

Looking at Dropbox's peers in the productivity software segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Monday.com delivered top-line growth of 35.1% year on year, beating analyst estimates by 2.4% and 8x8 reported revenue decline of 1.8% year on year, missing analyst estimates by 1.3%. Monday.com traded down 7.0% on the results, 8x8 was down 3.0%.

Read our full analysis of Monday.com's results here and 8x8's results here.

There has been positive sentiment among investors in the productivity software segment, with the stocks up on average 3.6% over the last month. Dropbox is up 2.2% during the same time, and is heading into the earnings with analyst price target of $31.5, compared to share price of $32.0.

Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefitting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.